Strs Ohio Reduces Stock Holdings in APi Group Co. (NYSE:APG)

Strs Ohio reduced its position in APi Group Co. (NYSE:APG) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,500 shares of the company’s stock after selling 4,900 shares during the quarter. Strs Ohio’s holdings in APi Group were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in APG. Vanguard Group Inc. increased its holdings in APi Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock worth $489,050,000 after acquiring an additional 167,293 shares during the last quarter. BlackRock Inc. raised its position in shares of APi Group by 4.1% in the first quarter. BlackRock Inc. now owns 15,083,919 shares of the company’s stock valued at $339,087,000 after purchasing an additional 593,023 shares during the period. State Street Corp lifted its stake in shares of APi Group by 4.9% during the 1st quarter. State Street Corp now owns 4,343,571 shares of the company’s stock valued at $97,643,000 after buying an additional 201,805 shares in the last quarter. Geode Capital Management LLC boosted its holdings in APi Group by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 3,892,745 shares of the company’s stock worth $87,509,000 after buying an additional 172,683 shares during the period. Finally, Findlay Park Partners LLP grew its stake in APi Group by 225.7% in the 3rd quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock valued at $99,385,000 after buying an additional 2,656,158 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Down 1.1 %

APG stock opened at $36.98 on Friday. The firm has a 50 day simple moving average of $37.62 and a two-hundred day simple moving average of $32.71. APi Group Co. has a one year low of $21.15 and a one year high of $39.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that APi Group Co. will post 1.87 EPS for the current year.

Insider Activity at APi Group

In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the sale, the chief financial officer now owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the sale, the director now owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays raised their price target on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. lifted their target price on APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Citigroup upped their target price on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.